General News
Exxon to Cut 2,000 Workers as Oil Sector Job Losses Mount
Chevron, ConocoPhillips and BP are among major oil companies that announced thousands of job cuts in recent months as crude prices fell this year in response to increased supplies from OPEC.
Trump Sets 10% Lumber, Wood Tariffs in Bid to Lift US Industry
President Donald Trump ordered 10% tariffs on imports of softwood timber and lumber as well as 25% levies on kitchen cabinets, vanities and upholstered wood products.
Federal Shutdown Plans Stop Short of Job Reductions
At least eight cabinet departments comprising more than two-thirds of the federal workforce had detailed their shutdown plans by the afternoon of Sept. 29.
Government Shutdown Threatens Key Economic Data
Many federal operations will pause and nonessential employees will be furloughed or fired if lawmakers can’t reach an agreement by the time the current fiscal year ends on Sept. 30.
US Tightens Export Controls on Chinese Subsidiaries
A long-awaited rule published Sept. 29 by the Commerce Department seeks to prevent sanctioned companies from using affiliates to access restricted U.S. goods.
Crossword Puzzle Solution for September 29, 2025
Here's the solution to the crossword puzzle found in the September 29, 2025 print edition.
Auto Parts Maker First Brands Files for Bankruptcy
The filing caps weeks of turmoil sparked by creditor concern over the auto supplier’s use of opaque off-balance sheet financing.
Perspective: How Trailer Telematics Can Benefit Leasing Firms
For trailer leasing companies, there's an opportunity to generate new revenue streams and make better, data-driven decisions through the use of trailer telematics.
UP-Norfolk Southern Deal Boosts Rare $1 Trillion M&A Market
Global deal values have topped $1 trillion in a third quarter for only the second time ever, thanks to transactions like the Sept. 29 $55 billion take-private of video game maker Electronic Arts.
Here’s What DOT’s Emergency CDL Ruling Means for Trucking
“The process for issuing these licenses is absolutely 100% broken," Sean Duffy said. "It has become a threat to public safety and it is a national emergency that requires action right now.”
Insurance Underwriting Gets an Upgrade
Insurance policies represent one of the new fields in the trucking industry where artificial intelligence is beginning to have an impact.
Electric Aircraft Firm Beta Technologies Files for US IPO
The company counts TPG, Amazon.com and General Electric among investors with 5% or greater stakes.
‘Sophisticated’ Cargo Thieves Steal Craft Whiskey Worth $1M
Someone in a freight truck showed up at Westland Distillery holding paperwork to pick up a shipment of Westland single malt. But the bottles never arrived at their intended destination.
CSX CEO Joe Hinrichs Abruptly Departs
CSX named Steve Angel as its new CEO as the railroad faces pressure from an activist investor and rising competitive challenges.
Trump's Truck Tariff Announcement Pushes Ford Shares Up
Ford Motor Co. shares climbed to their highest level since July 2024 on Sept. 26 on President Donald Trump’s newly announced truck levies.
Trump’s 100% Pharmaceutical Tariffs Won’t Apply to EU, Japan
President Donald Trump’s new tariffs on pharmaceutical imports will not apply to countries with negotiated agreements with the U.S. that contain provisions on drugs.
BMW Recalls Over 330,000 Cars After Finding Engine Fire Risk
BMW AG is recalling at least 331,000 vehicles globally due to a defect in its starter motor, another setback for the German carmaker that’s been hit by costly product flaws.
Trucking Insurance Faces Crossroads With AI and Litigation
Nuclear verdicts against carriers and efforts by regulators to make sense of AI are currently creating a shift in the way that insurance policies are developed and nurtured.
EV Realty Wins $75M Private Equity-Led Capital Infusion
EV Realty’s first public charging facility in San Bernardino, Calif., will be among the projects receiving an influx of cash from the additional funding round.
DOT Tightens Rules for Noncitizen Truck Drivers
Transportation Secretary Sean Duffy said fatal crashes caused by truck drivers who shouldn’t have had licenses were found in Florida, Texas and Alabama.